Nasdaq, Singapore Exchange sign pact for collaborative listings

FILE PHOTO: The Nasdaq logo is displayed at the Nasdaq Market site in New York

FILE PHOTO: The Nasdaq logo is displayed at the Nasdaq Market site in New York September 2, 2015. REUTERS/Brendan McDermid/File Photo

(Reuters) - Singapore Exchange Ltd <SGXL.SI> and Nasdaq Inc <NDAQ.O> announced a pact on Wednesday that will allow firms to tap the capital markets possibly simultaneously under the two exchange operators' namesake exchanges.

The tie-up would help fast-growing Asian companies to list on the SGX and subsequently pursue a Nasdaq listing as they expand globally, SGX Chief Executive Loh Boon Chye said in a statement.

SGX and U.S.-based Nasdaq - which are also in a long-term market technology partnership - are gauging interest among companies that could seek a concurrent or sequential listing on both the SGX and the Nasdaq, the exchange operators said.